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5527 Barton Ave, Los Angeles, CA 90038
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5527 Barton Ave Los Angeles, CA 90038

$2,200,000
  • 41 Beds
  • 41 Baths
  • 6,046 Sq.Ft.
For Sale
$2,200,000 Get Pre-Qualified
Map preview of 5527 Barton Ave, Los Angeles, CA 90038

Property Overview: 5527 Barton Ave Los Angeles, CA has 41 bedrooms, 41 bathrooms, 6,046 living square feet and 7,002 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Hollywood, Paramount Pictures, Between Melrose, Vine and Santa Monica Blvd., desirable and high density 90038 Zip code. Well-maintained 7-unit apartment building, close to 101 Freeway, Kaiser Hospital, Home Depot, and all kind of major stores, 3 Units 2Br/2Baths plus 4 Units 1Br/1Bath, 7 parking and extra room for one more, Storage Boxes. Tenants pay for Power and Gas, low maintenance, no Gardner. Completely fenced and Remotely operated gate. Mandatory Soft Retrofitting Done in 2018, earthquake shut off valves for gas installed, no code enforcements, Only $363 Per SQFT lower than replacement cost. Excellent Cap Rate. Priced under market for fast sale. It is fully occupied with month-to-month leases. Seller's Unit 2Br/2Baths front unit with large balcony will be delivered vacant at close of Escrow, will rent for $3k easily, Owner owned Coin Laundry, The property has a new roof installed in February 2024 and a new gas boiler with circulation, Copper plumbing re piped 10 years ago, street was asphalted in May 2024.

Listed by Manvel Solakian | BRE #01310512 | Keller Williams R. E. Services
Last checked: 8 minutes ago | Last updated: June 22nd, 2024 | Source CRMLS | DOM: 28
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Home details

Lot Sq. Ft
7,002
HOA Dues
$0/mo
Year built
1963
Garage
7 Car
Property Type:
Mixed Use
Status
Active
MLS#
GD24098317
City
Los Angeles
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,099
  • Total Rent: $1,099
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,491
  • Total Rent: $1,491
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,508
  • Total Rent: $1,508
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,508
  • Total Rent: $1,508
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,085
  • Total Rent: $1,085
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,497
  • Total Rent: $1,497
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.26%
  • Gross Rent Multiplier: 16.34
  • Gross Scheduled Income: $134,196
  • Net Operating Income: $93,720
  • Gross Operating Income: --
  • Laundry Income: $1,620
Annual Expense Breakdown
  • Total Operating Expense: $17,260
  • Electric: $5,400
  • Gas/Fuel: $2,100
  • Trash: $4,908
  • Insurance: $4,852
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 5527 Barton Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5535005011
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: betwin Vine St & Gover St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 5527 Barton Ave

Last sold on July 1st, 2004

  • May, 2024

  • May 29, 2024

    Date

    Active

    CRMLS: GD24098317

    $2,200,000

    Price

  • July, 2004

  • Jul 1, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 1999

  • May 28, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5527 Barton Ave

Assessed Value (2020): $387,022
Year Land Value Improved Value Assessed Value
2020 $243,682 $143,340 $387,022

Home Value Compared to the Market

This property vs the competition

5527 Barton Ave is listed 76.14% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $363.88 per/sqft which puts the price per square foot 53.23% lower than the median price per square foot for the city of Los Angeles.

About 5527 Barton Ave

Detailed summary of property

5527 Barton Ave is a mixed use located in Los Angeles, CA 90038 and is currently for sale. This mixed use property offers 41 bedrooms, 41 bathrooms, roughly 6,046 living square feet, and sits on an approximately 7,002 square foot lot. 5527 Barton Ave was first listed on ArdentRealEstateGroup.com on May 30, 2024. The homeowner is currently asking $2,200,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 76.14% higher than the median priced home. Local competing homes currently for sale include 5871 Pickford St, 755 S Boyle Ave and 4652 Gratian St. While the average home in Los Angeles, CA is selling in 98 days, 5527 Barton Ave has a days on market of 28 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 5527 Barton Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5527 Barton Ave

Public county record property details
Beds
9
Baths
9
Year built
1963
Sq. Ft.
6,046
Lot Size
6,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5535-005-011

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$672
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$720
Total Inventory
44
Median Sale to List Price %
110%
Avg Days on Market
88
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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